Knock-Off Apple Watches Hit the Chinese Market Less Than 24 Hours After Launch
schwit1 writes Fake versions of the Apple Watch can be bought for as little as £25 — despite the fact the real thing will set you back more than 10 times that. The flagship new product was only launched in San Francisco yesterday but knock-offs are already available in China. According to CNN Money, they can be found at Huaqiangbei electronics market in the southern city of Shenzhen, and others are being sold nationwide via popular e-commerce websites. Right down to the digital crown, the fakes mimic the design and style of Apple's new offering.
This is one of the "hidden" costs of doing business in China. You can pretty much count on the theft and exploitation of your designs. How dare they exploit us back!
However, given the fact that this is a luxury good and status symbol, I don't think Apple is too worried about this, except if consumers are fooled into buying one. No one wants to show off a knock-off status symbol. It defeats the entire purpose.
Irony: Agile development has too much intertia to be abandoned now.
The joke is, most folks who are willing to spend $10,000 for watch won't be able to tell the fake ones from the real ones.
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!